Download or read book Effects of Energy Prices on the U S Economy Simulations with the MPS Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Impacts of Energy Shocks written by H.G. Huntington and published by Elsevier. This book was released on 2016-10-19 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large-scale macroeconomic models have been used extensively to analyze a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could be used to examine the impacts of energy price shocks.This study compares the responses of 14 prominent macroeconomic models to supply-side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50 and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices. Five policy responses were considered for offsetting the GNP impacts of the larger oil price increase: monetary accommodation, an income tax rate reduction, an increase in the investment tax credit for equipment, a reduction in the employer's payroll tax rate, and an oil stockpile release.The study was conducted by a working group comprised of about 40 modelers and potential model users from universities, business, and government. As in previous EMF studies, the group pursued two broad goals. Firstly, they sought to understand the models themselves by identifying important similarities as well as structural differences. Secondly, they sought to use the models to sharpen their understanding of energy shocks and of the related policy issues. Their conclusions appear as the first chapter in this volume, the remaining chapters providing more technical treatment of the key structural differences among the participating models as well as their use for evaluating energy policies.This volume is addressed particularly to those interested in the energy shock issue, as well as to those with a broader interest in macroeconomic models and policies.
Download or read book Modeling Energy Economy Interactions written by Charles J. Hitch and published by Routledge. This book was released on 2015-06-11 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, first published in 1977, explores several different approaches to the same question; namely, how severe will be the impact on key U.S. macro-economic variables of the transition from main reliance on oil and natural gas to other sources of energy? This book will be of interest to students of economics and environmental studies.
Download or read book The Economic Effects of Recent Increases in Energy Prices written by and published by . This book was released on 2006 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Effects of Recent Increases in Energy Prices written by John Peterson and published by Government Printing Office. This book was released on 2006-08 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: NOTE: NO FURTHER DISCOUNT FOR THIS PRINT PRODUCT--OVERSTOCK SALE -- Significantly reduced list price while supplies last Analyzes the short-term macroeconomic effects of the recent rise in energy prices as well as the likely effects over the next ten years. Utility company personnel, American citizens and consumers, economists, and energy policy advocates may be interested in this volume to compare it to today's energy position and dependence in America. Middle school students and above may be interested in this volume for research papers. All libraries should have a copy of this text in their reference collections. Related products: International Energy Outlook 2016, With Projections to 2040 can be found here: https://bookstore.gpo.gov/products/sku/061-003-01167-5 New Realities: Energy Security in the 2010s and Implications for the U.S. Military is available here: https://bookstore.gpo.gov/products/sku/008-000-01093-5 Energy& Fuels resources collection can be found here: https://bookstore.gpo.gov/catalog/science-technology/energy-fuels Other reports produced by the U.S. Congressional Budget Office (CBO) can be found here: https://bookstore.gpo.gov/agency/237
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Download or read book Energy Price Shocks in a Reduced form Monetarist Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Prices Inflation and Economic Activity written by Knut Anton Mork and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Model Comparison for Energy Policy and Planning written by Stanford University. Energy Modeling Forum and published by . This book was released on 1979 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effects of an Oil Price Shock on the U S Economy in a Multicountry Framework Simulations with the MCM written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Price Shocks and Economic Activity Simulation Results of the Hubbard Fry Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Research Abstracts written by and published by . This book was released on 1992 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Price Shocks Rational Expectations and Wage and Price Rigidities written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Impacts of Rising Energy Prices written by William H. Miernyk and published by . This book was released on 1978 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hybrid Simulation Modeling to Estimate U S Energy Elasticities written by Adam C.. Baylin-Stern and published by . This book was released on 2012 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper demonstrates how an U.S. application of CIMS, a technologically explicit and behaviourally realistic energy-economy simulation model which includes macro- economic feedbacks, can be used to derive estimates of elasticity of substitution (ESUB) and autonomous energy efficiency index (AEEI) parameters. The ability of economies to reduce greenhouse gas emissions depends on the potential for households and industry to decrease overall energy usage, and move from higher to lower emissions fuels. Energy economists commonly refer to ESUB estimates to understand the degree of responsiveness of various sectors of an economy, and use estimates to inform computable general equilibrium models used to study climate policies. Using CIMS, I have generated a set of future, 'pseudo-data' based on a series of simulations in which I vary energy and capital input prices over a wide range. I then used this data set to estimate the parameters for transcendental logarithmic production functions using regression techniques. From the production function parameter estimates, I calculated an array of elasticity of substitution values between input pairs. Additionally, this paper demonstrates how CIMS can be used to calculate price- independent changes in energy-efficiency in the form of the AEEI, by comparing energy consumption between technologically frozen and 'business as usual' simulations. The paper concludes with some ideas for model and methodological improvement, and how these might figure into future work in the estimation of ESUBs from CIMS.
Download or read book Energy Shocks in a Neoclassical Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Econometric Studies of U S Energy Policy written by D. W. Jorgenson (ed) and published by Amsterdam : North-Holland Publishing Company ; New York : American Elsevier Publishing Company. This book was released on 1976 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
